Reply to I’ve observed that truly affluent families are blasé about where their kids go to college

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think there are different kids of rich. The law/hedge fund/finance types in NYC & burbs very much care about where their kids go to school. What do you think the Varsity Blues case was about? I have a finance bronrelative who came very close to trying to bribe his kid into a top college but thankfully came to his senses when he realized his kid would struggle academically there anyway. So they picked an easier state school. And are now bragging up a storm about kid #2 who got into a fancier school on their own merits.

I can imagine that the wealthy who come from non-academic/non-intellectual industries care a lot less. [/quote]

Yeah, I think it is the difference between White Collar rich and Blue Collar rich.  For the most part, someone getting super-rich by starting a tech company, starting a hedge fund, working in P/E, etc. care much more about status colleges (and likely came from one).  Someone that got rich in the oil fields, or becoming the largest McDonald's franchisee in the Southeast probably has a different attitude.

For the tech company dropout billionaires...college is a bit of a weird decision.  To them, the ultimate mark of success is to get accepted to Stanford, but then either not attend at all or drop-out after 1 year.  [/quote]

Gas & Oil tends to be highly educated due to the international nature and regulatory environment.  [/quote]

+10000.  Only someone from DC would equate oil and gas with McDonald’s franchisees.  [/quote]

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